Atb Cap Markets Weighs in on Advantage Energy Ltd.’s Q3 2024 Earnings (OTCMKTS:AAVVF)

Advantage Energy Ltd. (OTCMKTS:AAVVF) – Atb Cap Markets decreased their Q3 2024 earnings estimates for shares of Advantage Energy in a research report issued to clients and investors on Thursday, October 10th. Atb Cap Markets analyst A. Arif now expects that the company will earn $0.02 per share for the quarter, down from their prior forecast of $0.04. The consensus estimate for Advantage Energy’s current full-year earnings is $0.36 per share. Atb Cap Markets also issued estimates for Advantage Energy’s Q4 2024 earnings at $0.24 EPS, FY2024 earnings at $0.31 EPS, Q1 2025 earnings at $0.28 EPS, Q2 2025 earnings at $0.25 EPS, Q3 2025 earnings at $0.27 EPS, Q4 2025 earnings at $0.33 EPS, FY2025 earnings at $1.14 EPS, FY2026 earnings at $1.08 EPS and FY2027 earnings at $1.02 EPS.

Advantage Energy (OTCMKTS:AAVVF) last posted its quarterly earnings data on Thursday, July 25th. The company reported ($0.05) EPS for the quarter. The company had revenue of $73.57 million for the quarter. Advantage Energy had a net margin of 15.40% and a return on equity of 5.13%.

Separately, National Bank Financial cut shares of Advantage Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th.

Advantage Energy Stock Up 0.7 %

Shares of OTCMKTS:AAVVF opened at $6.84 on Monday. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 19.53 and a beta of 1.61. Advantage Energy has a 1-year low of $5.90 and a 1-year high of $8.58. The company’s fifty day moving average is $6.86 and its two-hundred day moving average is $7.38. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.76 and a current ratio of 0.76.

About Advantage Energy

Advantage Energy Ltd., together with its subsidiaries, engages in the acquisition, exploitation, development, and production natural gas, crude oil, and natural gas liquids (NGLs) in the Province of Alberta, Canada. Its assets are located approximately 4 to 80 km northwest of the city of Grande Prairie, Alberta.